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AkzoNobel Shareholders Adopt All Resolutions, Approve Dividend at AGM

April 29, 2014

At its Annual General Meeting (AGM), shareholders of Akzo Nobel N.V. (AkzoNobel) adopted all resolutions including the company's 2013 financial statements and agreed that the 2013 financial year dividend would be €1.45 (2012: €1.45) per common share. An interim dividend of €0.33 was paid in November 2013, which means the final payment will be €1.12 per share.

The final dividend will be paid on May 28, 2014. Under the conditions to be published by the company and at the shareholder’s election, this dividend will be paid either in cash or in stock. The AkzoNobel shares will be traded ex-dividend on Euronext Amsterdam as of May 2, 2014. The record date is May 6, 2014.

Supervisory Board changes, Antony Burgmans new Chairman
Mr Antony Burgmans and Mr Louis Hughes were both re-appointed to the Supervisory Board for a third term of office. Mr Byron Grote was appointed to a first term on the Board.

Chairman Karel Vuursteen stepped down from the Supervisory Board at the AGM, having completed the maximum of three terms of office since joining the Board in 2002, becoming Chairman in 2009. The Supervisory Board has elected Mr Burgmans as Chairman to succeed  Vuursteen.

Commenting on his outgoing colleague Karel Vuursteen, new Chairman Antony Burgmans said: "Karel has made an extraordinary contribution to AkzoNobel over many years, both as Chairman and a Member of our Supervisory Board. My colleagues on the Board and I would like to express our gratitude and appreciation for his dedication, his highly engaged and visionary leadership, his insightful view on good governance and also his ready humor. He has been a pleasure to work with and we wish him well."

Sir Peter Ellwood also stepped down after six years on the Board. Burgmans added: "Sir Peter provided invaluable insight and counsel with respect to the integration of ICI within AkzoNobel. As a very engaged member of the Audit Committee, he also provided judicious oversight of the company’s operating financial condition." The AGM thanked Mr Vuursteen and Sir Peter for their respective contributions to the company.

Supervisory Board Committees
The changes to the membership of the Supervisory Board have also led to changes in membership of its committees:

    Byron Grote has been appointed to the Audit Committee joining  Dolf van den Brink (chair),  Peggy Bruzelius and Louis Hughes.
    Antony Burgmans has become chair of the Nomination Committee; the members of this Committee are Ms Sari Baldauf and Mr Ben Verwaayen.
    Sari Baldauf has been appointed chair of the Remuneration Committee; its members are Antony Burgmans and Ben Verwaayen.

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